April 6, 2011 / 1:40 PM / in 7 years

UPDATE 1-Century Mining halts milling operations at Peru mine

* Suspension follows Peru government order

* Century says losses will equal one week’s production (Follows alerts)

April 6 (Reuters) - Canada’s Century Mining Corp said milling and processing operations at its San Juan gold mine in Peru have been suspended following an order from the Peruvian government.

The company said losses will equal at least one week’s production.

The suspension follows the Peru government’s concerns over permitting and construction of the company’s tailings areas.

Century Mining said it had provided appropriate documentation to prove that permits were issued and filed a formal petition to lift the order.

The company said although the San Juan mill remains idled, mining operations, which were suspended for four days because of the order, have resumed and ore was being stockpiled.

Last month, the company was forced to halt development in a part of its Lamaque gold mine in Quebec, after a crusher failure drained its finances. [ID:nL3E7E81L5]

Shares of the company closed at 44.5 Canadian cents on Tuesday on the Toronto Venture Exchange. (Reporting by Amruta Sabnis in Bangalore; Editing by Jarshad Kakkrakandy)

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